Decision in brief: Rustulka, Inter-Jurisdictional Enforcement Proceeding, Sanctions, October 27, 2023

Citation and CanLII link

Rustulka (Re), 2023 ONCMT 37

Arbitres
James D. G. Douglas
Date des motifs:
Numéro de dossier:
2023-9
Type d'audience:
Sanctions and Costs
Candidats / Répondants :
Kenton Roy Rustulka

Kenton Roy Rustulka was registered to sell securities in Alberta. The Alberta Securities Commission decided that he did not follow the rule that he only recommend securities to his clients that are appropriate for them. He also told his clients false information about securities he recommended they buy. The Alberta Securities Commission decided that Rustulka should be permanently restricted from participating in Alberta’s capital markets and that he should pay an administrative penalty.

OSC staff asked that Rustulka be restricted from participating in Ontario’s capital markets based on the Alberta Securities Commission’s decision. Rustulka did not participate in the hearing.

The Tribunal decided to permanently restrict Rustulka from participating in Ontario’s capital markets. His conduct, had it taken place in Ontario, would have breached Ontario securities law and justifies permanent restrictions.

Allez à détails de l’instance

Préparées par le personnel du Secrétariat de la gouvernance et du Tribunal, les décisions en bref aident le public à mieux comprendre les décisions du Tribunal. Elles ne font pas partie des motifs invoqués par le Tribunal et ne sont pas utilisées dans les procédures judiciaires.